Commodities continue to be bullish

Commodities are in a bull run. This is a theme that can run for a long time. See the chart below:

The CRB index has reclaimed an important support which it had broken. It has also given a buy on the monthly MACD. This is a very bullish setup.

The chart below shows the relative strength chart of Commodities vs Bonds. It has given a buy on KST on monthly charts. This is very bullish for commodities.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: